PSX · FOOD & PERSONAL CARE PRODUCTS · 1 Hour
QUICE Head & Shoulders forming
Quice Food Industries Limited · 27 Oct 2026 · 10:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Trade plan
- Close
- 27.53
- ▼ 1.68%
- Target
- 19.38
- -29.6%
- Invalidation
- —
- ATR
- 0.82
- Target
- Invalidation
- Pattern lines
- Fair value gap (bull / bear)
- Order block
- Strong / weak high and low
- BOS · CHoCHstructure breaks
SMC Structure · Order Blocks · FVG · Pattern Detector 1 Hour candles · click to enlarge
The breakdown
QUICE has completed a head & shoulders on the hourly chart with the head at 31.00 and the neckline at 24.88.
The pattern is confirmed by a hourly close below 24.72. The measured move from the neckline points to 19.38 (-22.1%). A close beyond the head at 31.00 cancels it.
Structure: bullish external, bullish internal (strong low 17.43). Nearest demand OB 25.00 - 25.88, supply OB 38.60 - 40.49.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 27.53.
- 2 The target, 19.38 (-29.6%), is the pattern's height projected from the breakout.
- 3 Trend context: against the trend.
Pattern guide
About the head and shoulders
A head and shoulders is a topping pattern: three peaks with the middle one highest, resting on a "neckline" whose break often ends an uptrend.
- Confirmation
- A close below the neckline.
- Target
- The height from the head to the neckline, projected down from the break.
- Fails if
- A close back above the right shoulder or the neckline.